Trump Tariffs and the Promotional Products Industry
Jan 22, 2019
If you've been following the recent news out of the States, you may be aware of the Trump Tariffs and their effect on the Promotional Products industry. The average 10% tariff, which was announced in July 2018, is beginning to have a trickle-down effect on Chinese-made promotional products that are sourced from USA distributors. Combined with the less than favorable exchange rates, USA suppliers have increased Canadian pricing as much as 30%!
The Trump government says this tax will increase again, to as much as 25%, in 2019. We work with alternate sources within Canada, and purchase most of our "hard goods" directly from our supplier factories in China, which effectively eliminates the "middleman" and limits the import taxes.
If you are thinking about making an order for promotional items, please talk to one of our sales representatives; we have over 40 years experience in the industry, which enables us to pass on the best possible value to you. We are happy to provide a no-obligation quote, and we guarantee it'll be worth your while!
Additional Source: Industry Leaders Prepare For Impact Of Tariffs